Poland’s USD 424 million Venezuela oil deal collapses after paying with USDT
In brief Orlen pre-paid USD 230 million for Venezuelan oil that was paid for using USDT Cargo handlers brought stablecoins into a hotel in Caracas via a USB drive, according to FT Three former Orlen executives face a maximum penalty of 25 years for losses of USD 378 million
Former DeepMind researcher warns of the risks of superintelligence
In short Bila Shaktiat said AI could be a danger to humans after leaving Google DeepMind He said the AI company could create a high-level artificial intelligence system within a few years Executives from Anthropic and OpenAI support slowing down AI development
The Pentagon estimates the Iran war at USD 33.4 billion but does not include the impact of fuel prices
In brief The Pentagon estimates the war with Iran at USD 33.4 billion as of June 29 This estimate does not include repairs to infrastructure and the impact of fuel oil prices Rising fuel prices cause U.S. households to lose about USD 812.77 per household since February
CryptoQuant points to trading volume starting to recover, indicating the bearish trend in the bear market is beginning to soften
In short Spot crypto trading volume hits about $75 billion on August 21 Perpetual futures volume touches about $336 billion, the highest daily level since March CryptoQuant says the rise came with buying, not the sell-off seen earlier
AMC CEO calls stock tokens not real shares; Robinhood responds
In brief Robinhood reveals additional features for stock tokens, including voting and share redemption AMC CEO Adam Aron criticizes this product as unacceptable and calls for a stop to trading Edits that Robinhood's contract could reduce the company's legal protections
XRP and XLM jump 8% as the CLARITY Act nears a key vote
In brief XRP and XLM surge more than 8% on September 14 ahead of a key U.S. Senate vote on Tuesday A cloture vote requires 60 votes, with at least seven senators from the Democratic or independent parties voting across party lines
Chip stocks cut after signs of AI slowdown, but analysts still don’t expect a steep price drop
In brief Dario Amodei calls for slowing down AI, causing the Philadelphia semiconductor index to drop 5.9% Nvidia, Broadcom, Micron and AMD fall after safety warnings spread across AI stocks Bank of America looks past panic, saying AI investment could reach USD 3 trillion by 2030
Top 3 standout altcoins in the third week of September: the one with the strongest price rise but the weakest chart
In brief BTW, VVV and FIL drive the altcoin surge in the third week of September BTW surged 43.2%, but the RSI signals aren't supportive, and the breakout volume is still weak FIL increased the least, but the share of trading volume relative to the highest market cap is 51%
ChatGPT says the funding for Musk’s DOGE museum heating is a DEI project
In brief DOGE officials used ChatGPT to review and determine that NEH grants are DEI ChatGPT provided funding for the USD 349,000 museum HVAC system as a DEI project to assist tourists DOGE identified 1,057 out of 1,163 NEH grants as DEI, cutting the budget by more than USD 100 million
Balancer proposes shutting down after the recovery plan fails to increase revenue
In short Balancer proposes shutting down the protocol and returning treasury funds to token holders The re-connection creates interest, but no measures convert it into continuous revenue Token holders can burn tokens to receive a share of the treasury proportionally starting from May 2027
What does the 10-year bond yield breaking above 5% mean for Bitcoin and stocks
Briefly The U.S. 10-year government bond yield hit 5% on Monday, equal to the highest level in three years Analysts warn that sustained breakthroughs above 5% could weigh on stock values Bitcoin trades near 77,800 USD as rising upside yields increase the cost of holding
AI safety concerns push investors toward J&J, Costco and CrowdStrike in cybersecurity
In brief Defense stocks rise on Monday, while concerns about AI safety weigh on tech stocks Johnson & Johnson, Eli Lilly, Kimberly-Clark and Costco rise as they rotate in the stock basket Cybersecurity stocks CrowdStrike and Palo Alto Networks surge 14%
Financial firms accumulate Ethereum, Solana, and Bitcoin amid volatile September markets
In short BitMine, Strive, and DFDV added crypto last week, while Strategy paused temporarily BitMine holds 5.96 million ETH, accounting for approximately 4.9% of the total supply Strategy used USD139 million to buy preferred shares of STRC instead of buying Bitcoin
CoinEx sets December withdrawal deadline before shutting down
In brief CoinEx shuts down after 9 years; withdrawals available until December 22 Exchange market penalizes the sluggish economy: reduced liquidity and higher costs for regulatory compliance Spot trading ends on September 29, and CoinEx will repurchase remaining CET at USD0.005
Trump says fear of AI is nonsense, but why did he secretly meet Altman?
In brief Trump met with Sam Altman behind the stage at a GOP conference event last week Altman requested a meeting to discuss AI and its growing influence Trump calls concerns about AI safety a scam both on stage and online
Novo Nordisk changes name to Novo; shares drop as the company shifts GLP-1s toward consumers
In brief Novo Nordisk changes name to Novo and launches a new corporate culture framework CEO Mike Doustdar links the changes to the disadvantage for Eli Lilly Novo shares fall by about 15% since the beginning of the year despite restructuring
Latest amended version of the Clarity Act legal text faces triple opposition ahead of the Senate vote
In brief Letitia James of New York leads the attorney general of 17 other states in opposing the Clarity Act Eight banking trade groups ask senators to close loopholes in stablecoin yield in the bill The U.S. Senate will vote on cloture on Tuesday, requiring 60 votes in favor to move forward
The U.S. Department of Justice prepares to seize USD 61M in Iranian oil money from a Binance account that verified
In brief The U.S. Department of Justice seeks to seize USD 61 million in crypto linked to the sale of Iranian oil The funds were transferred through the Blessed Trust and Hexa Whale accounts on Binance Binance previously rejected money laundering allegations related to Iran, stating that the claims were false and defamatory
Lawyer reveals that if Sam Bankman-Fried got out of prison today, he would be poor for life
In brief SBF’s attorney said that a fine of USD 11 billion would leave him poor for life Petition to the Supreme Court states that the jury only heard about the loss from FTX but did not know the repayment plan FTX customers received a refund of 105% of the value of their claims based on the price in 2022
Trump calls Jensen Huang live amid concerns about slowing AI; NVIDIA shares reflect it
In brief Trump dismisses concerns about AI as a hoax between video calls and Jensen Huang Nvidia CEO backs faster AI growth as competition with China intensifies NVIDIA continues to fall as chip stocks reflect a slowdown in AI spending